NIGERIA: Heading for 2016 redux as ‘Buharinomics’ likely to shift into top gear
Nigeria enters the ensuing COVID-19-induced economic crisis in a much weaker state than previous crises. Nevertheless, the administration will fight tooth and nail to avoid a devaluation in the short-term. Demand management will be the main tool … Become a member to read the rest of this article Username or E-mail Password […]
NIGERIA: First coronavirus infection case in sub-Saharan Africa
On 28 February, Nigerian authorities confirmed the first coronavirus case in Lagos, the country’s economic capital. The infected Italian expatriate had arrived on a flight from Milan on 25 February and visited several sites in the city before admitting himself to a local hospital… Become a member to read the rest of this article
NIGERIA: Defending the naira remains the imperative
On 24 January, the Central Bank of Nigeria’s (CBN) monetary policy committee decided to hike the cash reserve ratio (CRR) by 500 basis points from 22.5% to 27.5%, while leaving all other monetary parameters unchanged. While raising the CRR will likely serve to keep fixed-income y… Become a member to read the rest of […]
NIGERIA: Supreme court verdicts on 2019 governorship races – a mixed bag
On 20 and 21 January, the supreme court delivered the last batch of verdicts on the legal challenges of the results of gubernatorial elections held in most states in March 2019. Although the judgments suggest a bias towards the ruling All Progressives Congress (APC), overall the … Become a member to read the rest […]